Oct 28, 2013 4:00am PDT
sandy are still waiting. small business owners and residents who applied for grants to help rebuild after the storm have not received money or only a portion of funds promised. nearly $5 billion of the $50 billion pledged have been used by cities and states. the hold-up is in a cumbersome process that directs federal relief funds to states and eventually to recipients in need. one new york council group is developing an online database to help identify recipients and move money to them, faster. the white house has vowed to find a cure for technical glitches that have overshadowed the open enrollment process of the new health care law. the obama administration has named a general contractor to fix the health care site and says the task will be completed by november 30th. former office of management and budget director jeff zients will run the project. he says the healthcare.gov website is fixable. meanwhile, consumers might use the delay to learn more about the health care law. a bankrate study finds almost half of uninsured consumers still aren't clear on what it can do for them. "
Oct 29, 2013 4:00am PDT
on residents of the jersey shore and more in the 1 year aftermath of superstorm sandy.. and words of wisdom on taking risks from buffett and son. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's tuesday, october 29th. i'm angela miles. in today's first look: a record rally to start the week. the dow fell a point, the nasdaq by 3, but the s&p-- just managed to make a record day when a gain of 2 points. gold and oil remained near the flatline. apple fails to impress wall street. after the close last night the tech giant reported earnings that topped analyst targets-- but profits from sales of iphones and ipads were not as robust as what analysts wanted. shares dropped about two dollars. retailer michael kors is set to join the s&p 500 friday night. shares rose $3 dollar after the close on the news. gas prices-- hit the lowest level of year year monday. according to triple a the average price of a gallon of regular unleaded was $3.28. brian battle of performance trust is with us on this tuesday morning. good
Oct 30, 2013 4:00am PDT
superstorm sandy, new jersey governor chris christie is blaming congress for delays in getting help to victims. in an interview with the a-p, christie says congress dragged its feet on a funding package, and then enacted mountains of red tape for receiving aid. the result is victims were caught in the middle. the governor went on to say that his administration did everything it could to help the situation. and, that tremendous progres has been made in the wake of the super storm. in our earnings update this morning... pfizer posted earnings that beat estimates, but revenues at the world's largest drug maker slipped 2% due to a loss of patents on its best sellers including lipitor. goodyear tire rolled in with a 51% profit gain, but the companies sales numbers were below analysts expecations causing that stock to drop nearly 6% shares of nokia jumped 10% after the telecom firm issued an upbeat forecast. and earnings fell 21% for archer daniels midland. adm lost money last year because of the drought, but expects this year's bumper crop of corn will sweeten sales numbers. today